Thursday, November 15, 2012

A Lesson in Free-Market Economics, Medical-Style

What happens to prices when you kick both the government and insurance companies out of the medical market? Are doctors and hospitals then free to gouge patients even more deeply than they would otherwise?

The answer might surprise you, but if you know the power of the free market, it shouldn't.

This video should be a lesson in economics that everyone, and I mean everyone, should watch. In the impending implementation of ObamaCare, you can get a sense here of how much more badly any increased government interference in the medical market will mess things up.

(This comes from ReasonTV, with a hat-tip to Breitbart TV.)

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